Archive for February 2007

Wells Bells!

February 5, 2007 by Wil.

As seen on Finance For Youth:  The Blog 

 

As promised, I’ve reviewed Wells Fargo in the same manner that I reviewed Bank of America.

Wells Fargo is a little different because it touts itself highly as being an online bank.

 

Criteria 

 Results  
Bank Name  

  

Wells Fargo
Program Name  

 College Checking  
Monthly Fees  

  

$3.75
Ways to avoid Fees  

 Online Statements

$2.00 deduction with Direct Deposit   
Other Fees  

 See website for details, none for program  
Online Access  

 Free  
Online Bill Pay  

 For balances less than $5000.00, 6.95 per month up to 25 bills  
Additional Website comments  

 N/A  
Overall Grade  

  

C-

 

Wow!  For an online bank, they charge for Bill Pay, which is unheard of today.  I also really didn’t like the idea that they only discount your fee if you have direct deposit.  A bank that large would do well (get it? WELL), to waive a monthly fee like every other institution in the free world.

 

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